Sunland Company uses a perpetual inventory system made a purchase of merchandise on credit from Wildhorse Corporation on January 1, for $10100, terms 3/10, n/45. On January 7, Sunland makes the appropriate payment to Wildhorse. The entry on January 7 for Sunland Company is

A)

Accounts Payable	10100
Cash	10100

B)

Accounts Payable	9797
Cash		9797

C)

Accounts Payable	10100
Purchase Returns and Allowances		303
Cash		9797

D)

Accounts Payable	10100
Inventory		303
Cash		9797